The National Bureau of Statistics said that China produced 268 million tonnes of coal in April, down 11 per cent of the year, with producers cutting back in an effort to shore up prices.
German-based utility RWE has announced a 2 per cent decrease in first-quarter profits to €857 million ($975 million), a total that comfortably betters market expectations.
The US Environmental Protection Agency (EPA) has said that the ongoing legal fight in the USA over regulating carbon emissions from coal-fired power plants won’t delay the nation’s accelerating shift to cleaner sources of energy.
The utility scale solar project developer, SolarReserve, has announced that it has signed a Memorandum of Understanding with the Shenhua Group of China to construct 1 GW of solar projects in China.